TLDR
- XRP exchange-traded funds attracted $4.64 million on March 17, breaking an eight-session withdrawal pattern.
- The prolonged withdrawal period saw $56.82 million exit XRP ETF products over eight consecutive sessions.
- Fresh capital brought cumulative net inflows from $1.2 billion to $1.21 billion.
- Bitwise XRP ETF drove the complete $4.64 million inflow for the trading session.
- Remaining XRP spot ETF products showed neutral activity during the March 17 trading day.
XRP exchange-traded funds broke their eight-session withdrawal pattern by attracting fresh investment on March 17. The products registered $4.64 million in daily capital inflows, reversing a sustained period of losses. This development occurred as XRP price experienced its first intraday decline since March 12.
XRP ETFs Break Eight-Session Withdrawal Pattern
XRP exchange-traded funds concluded their most extended withdrawal period since inception by attracting new capital on March 17. Sosovalue data revealed the funds secured $4.64 million within a single trading session. This represented the first positive capital movement since March 4, concluding eight consecutive sessions without fresh investments. Throughout the preceding period, the products experienced $56.82 million in withdrawals. These losses decreased cumulative net inflows from $1.26 billion down to $1.2 billion. The recent capital injection elevated the aggregate total to $1.21 billion.
Previously, XRP ETFs secured $28.25 million during the period spanning Feb. 24 through March 4. The momentum shifted following March 4, eliminating those previous gains. The funds subsequently experienced eight back-to-back days of capital exits. Sosovalue data verified the reversal, reporting, “XRP ETFs recorded $4.64 million in inflows on March 17.” The information revealed that a single fund generated the complete daily increase.
The Bitwise XRP ETF (XRP) generated the entire $4.64 million inflow on March 17. Remaining products displayed neutral flows during the identical session. The Franklin XRP ETF (XRPZ), the Canary Capital XRP ETF (XRPC), the Grayscale XRP Trust ETF (GXRP), and the 21Shares XRP ETF (TOXR) demonstrated no activity. Previously, TOXR registered a $-5.98 million withdrawal on March 16. XRPZ similarly experienced a $-6.08 million withdrawal on March 12.
The eight-session withdrawal streak eliminated all progress from the preceding seven-day inflow period. That earlier phase attracted $28.25 million before momentum reversed. The aggregate net inflow currently totals $1.21 billion. Sosovalue information emphasized that solely the Bitwise product demonstrated movement on March 17. The remaining four spot XRP funds maintained neutral positions throughout the session.
XRP Price Experiences First Intraday Decline Since March 12
XRP price moved inversely during the same session ETFs attracted fresh capital. The digital asset made an attempt to regain the $1.60 level on March 17 but encountered resistance. The token subsequently registered its first intraday decline across six sessions. Prior to this downturn, XRP achieved seven positive sessions within eight days. The upward movement initiated following XRP’s descent to $1.32 on March 8.
From the March 8 bottom, XRP climbed 16.6% and touched $1.54. The recovery corresponded with broader cryptocurrency market strength. The price trajectory changed direction on March 17. The ETF capital inflow materialized during the identical session the asset recorded that daily decline. Sosovalue documented a $4.64 million inflow on that particular date.
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